?In the following exercises, solve each mixture word problem.Dominic pays 7% interest on

Chapter 3, Problem 203

(choose chapter or problem)

In the following exercises, solve each mixture word problem.

Dominic pays 7% interest on his $15,000 college loan and 12% interest on his $11,000 car loan. What average interest rate does he pay on the total $26,000 he owes? (Round your answer to the nearest tenth of a percent.)

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